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    Property profile & analytics

    2632 Farrs Brg Rd Easley, SC 29640-7919

    • Manufacturing properties
    • 52,710 SF
    • 9.75 lot acres
    OFF-MARKET
    Last Sale
    Jul 07, 2022
    $3,075,000
    Value Estimations
    $2,885,000
    Show details
    Cap Rate Potential
    5.7%
    Manufacturing properties
    Location Intelligence
    Property ID
    US77-0662819
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • VCI Inc BMH-SC / Metal Fabrication Plant / Factory

    Property Details for 2632 Farrs Brg Rd

    Year built
    1986
    Construction
    STEEL FRAME
    Lot size
    9.75 lot acres
    Property size
    52,710 SF
    Property type
    Manufacturing properties
    APN
    5121-00-34-6564
    APU
    512100346564

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,880,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,725,000
      6.5%
      $2,515,000
      7%
      $2,335,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,890,000
      Market price range: $562k - $2.88M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,890,000
      Current use
      RETAIL STORES
      $3,310,000
      Change: +75% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $2,815,000
      Change: +49% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Easley
    County
    Pickens
    State
    South Carolina
    Longitude
    -82.5881
    Latitude
    34.8865
    CBSA code
    24860
    CBSA name
    GREENVILLE-ANDERSON, SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $390,000
    $1,528,600
    $1,918,600

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      1217 Earls Brg Rd

      MANUFACTURING (LIGHT) • 4,000 SF
      1217 Earls Brg Rd, Easley, SC 29640-6303
      View Details
    • Value Estimation
      $740,000
      20,652 SF

      1632 Gentry Memorial Hwy

      MANUFACTURING (LIGHT) • 20,652 SF
      1632 Gentry Memorial Hwy, Easley, SC 29640-8877
      View Details
    • Value Estimation
      $2,350,000
      258,771 SF

      1859 Dacusville Hwy

      MANUFACTURING (LIGHT) • 258,771 SF
      1859 Dacusville Hwy, Easley, SC 29640-9526
      View Details
    • Value Estimation by Request
      46,787 SF

      903 Main St

      MANUFACTURING (LIGHT) • 46,787 SF
      903 Main St, Easley, SC 29640-3161
      View Details
    • Value Estimation
      $1,665,000
      252,276 SF

      601 5th St

      MANUFACTURING (LIGHT) • 252,276 SF
      601 5th St, Easley, SC 29640-3493
      View Details
    • Value Estimation
      $665,000
      14,400 SF

      113 Fishtrap Rd

      MANUFACTURING (LIGHT) • 14,400 SF
      113 Fishtrap Rd, Easley, SC 29640
      View Details

    Similar Nearby for Sale

    • $1,250,000
      1.52 Acres

      Easley Industrial Warehouse - 6800 SF

      Prime Easley location, 6800 sq ft warehouse, 1.52 acres.
      416 Rolling Hills Cir, Easley, SC 29640
      View Details
    • $599,000
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      Easley Industrial Land - $599K

      Prime Easley location, ±2100 SF metal building, high traffic.
      2227 Farrs Bridge Rd, Easley, SC 29640
      View Details
    • $2,550,000

      Commercial Investment Opportunity in Easley

      Value-add investment property with revenue potential in Easley, SC.
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    • $1,615,000
      17.00 Acres

      Prime Development Site in Easley

      17+/- acres for development near Highway 123 in Easley, SC.
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    • $49,900
      0.28 Acres

      Easley Residential Lot For Sale

      Residential lot in Easley, SC, near downtown and silos.
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    • $399,000
      13.80 Acres

      Easley SC Vacant Land

      13.8 acres of land convenient to Easley and Greenville.
      00 Amberway Dr, Easley, SC 29640
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Property for Lease

      Industrial property available for lease in Easley, South Carolina.
      407 Ross Ave, Easley, SC 29640
      View Details
    • Contact for pricing
      2,361,660 SF

      GP Speedway Industrial Park: Easley, SC

      Prime Easley Industrial Space: Flex & Warehouse
      0 Calhoun Memorial Hwy, Easley, SC 29640
      View Details
    • Contact for pricing
      337,500 SF

      Easley Land for Lease

      Large industrial land parcel available for ground lease or build-to-suit.
      Calhoun Memorial Hwy, Easley, SC 29640
      View Details
    • $22 SF/Yr

      Calhoun Hwy Retail Space

      1660 sq ft Retail Suite Available
      5115-5119 Calhoun Memorial Hwy, Easley, SC 29640
      View Details
    • Contact for pricing
      3,422 SF

      Easley Office Space Available

      Office space available for rent in Easley, South Carolina.
      109 Fleetwood Dr, Easley, SC 29640
      View Details
    • $10 SF/Yr
      38,878 SF

      Easley Retail Center - Main St.

      High-traffic retail space, Easley, SC.
      504 Main St, Easley, SC 29640
      View Details
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    Easley, SC 29640-7919
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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